Ethereum News Today: Ethereum Whales Accumulate 283-379% Monthly as Price Nears $10K Breakout

Ethereum is showing early signs of a potential breakout as institutional investors and high-net-worth entities continue to accumulate large amounts of ETH. A notable player, referred to as “The Ether Machine,” has recently added 15,000 ETH to its holdings, surpassing the Ethereum Foundation in total assets. This shift indicates a growing confidence among institutional actors in Ethereum's future, despite recent volatility in the crypto market [1].

The accumulation trend is not limited to a single entity. Bitmine Immersion Tech holds a significant 625,000 ETH, valued at over $2.4 billion, while other institutional holders like SharpLink Gaming and BTCS Inc. have seen substantial growth, with monthly increases of 283% and 379%, respectively. Meanwhile, the Ethereum Foundation has reduced its holdings by 6.72%, suggesting a reallocation of capital toward more active market participants. Coinbase, the centralized exchange, still holds 137,300 ETH, further highlighting the growing institutional presence in the Ethereum ecosystem [1].

The current market dynamics mirror Ethereum's 2021 bull cycle but with stronger momentum. A recent chart from Crypto GEMs compares the 2021 bull run—where Ethereum rose from $250 to over $4,250—before experiencing a sharp correction. In 2025, Ethereum appears to be forming a similar correction-bounce pattern, but with more aggressive upward momentum. Analysts note that this cycle suggests bullish forces are building more quickly, and the price may soon break through the $10,000 level [1].

Despite a recent $1 billion in liquidations and a brief dip in price, institutions are continuing to accumulate ETH while retail investors remain bearish. Overdose, a well-respected crypto trader, has highlighted that panic often precedes major price recoveries. While retail sentiment is currently negative, experienced investors remain calm, indicating that the current volatility may be temporary [1].

Ethereum’s strong fundamentals and increasing concentration of supply among large holders support a potential supply-driven breakout. If these trends continue, the $10,000 price target may be reached sooner than expected. This scenario suggests that Ethereum is entering a phase where institutional confidence and market resilience could drive a significant price move, potentially reshaping the broader crypto landscape [1].

Source: [1] Ethereum Whales Accumulate as Price Eyes $10K Breakout (https://cryptofrontnews.com/ethereum-whales-accumulate-as-price-eyes-10k-breakout/)